What does the Letter from a Birmingham Jail tell us about MLK and his view of unjust laws? How do you fight against unjust laws, and who should be held responsible? Do you agree with King and his methods?

Question One:

The following data extracted from the trial balance of ABC Company on Dec 31^st 2020:

Additional Information that was not included in the trial balance:

• The number of ordinary shares is 10,000,000 shares authorized, 4,250,000 issued and 3,850,000 outstanding.
• There are 10 KD par, (10%), 200,000 authorized, issued and outstanding preference shares.
• 10% of the account receivables will be collected in 2022.
• The insurance policy was purchased on Jan 1^st 2020 for 160,000 KD and covers 4 years. One fourth of the amount was expensed as insurance expense during 2020 and the rest 120,000 will be expensed over the coming three years.
• 50,000 KD of the mortgage payable due during next year.
• 200,000 KD of the dividends declared foe preference shares
• 150,000 KD of the notes receivables due next year
• Salaries and wages expenses are 60% sales and 40% offices
• Depreciation expenses are 20% sales and 80% offices.
• Ending inventories was evaluated at 1,225,000 KD on Dec 31^st 2020
• 400,000 KD of the leasing liabilities due next year.
• Utilities expenses are 30% sales and 70% offices.
• 490,000 KD of the notes payable due next year.
• Fair value of trading securities on Dec 31^st 2020 is 1,615,000 KD
• Fair value of non-trading securities on Dec 31^st 2020 is 6,450,000 KD
• Goodwill was revalued during the period at 4,000,000 KD.
• Patent was impaired by 260,000 but it has not been recognized.
• The company is subject to 30% income tax on all items.

Required:

1. Prepare trial balance for ABC Company on Dec 31^st 2020 and calculate retained earnings beginning balance?
2. Prepare statement of comprehensive income, retained earnings statement and statement of financial position for ABC Company in good format and according to the requirements of IAS 1?

Periodic System— Using Knowledge of Financial Statement Relations to Compute Missing Accounts

The following information relates to Payleast Shoes Company. Assuming the company uses the periodic inventory system, solve for the missing amounts a through m for years 2020 through 2022.

• Do not use negative signs in your answers.
• Round gross profit percentage to the nearest whole percentage point.

Assume that Sample Company purchased factory equipment on January 1, 2017, for $90,000. The equipment has an estimated life of five years and an estimated residual value of $9,000. Sample's accountant is considering whether to use the straight-line or the units-of-production method to depreciate the asset. Because the company is beginning a new production process, the equipment will be used to produce 10,000 units in 2017, but production subsequent to 2017 will increase by 10,000 units each year. Required: 1. Calculate the depreciation expense, accumulated depreciation, and book value of the equipment under both methods for each of the five years of its life. Enter all amounts as positive values.

Straight-line method:

Units-of-production method:

Tomahawk County offers a defined benefit pension plan to all employees with at least 5 years of service (vested). The pension factor for this plan is 1.2%. As of the end of 2019, Maria, an employee, will have worked 14 years. Company accountants think that she will work 10 more years until retirement, at which time she will begin receiving annual pension payments. Maria makes $50,000 per year salary. The accountants also believe that Maria will probably leave with a $60,000 annual salary. The company is given a 4% interest rate. They expect that Maria’s retirement payments will be made for 25 years.

_______________4. Calculate the pension liability PBO for Maria for the end of 2020.

_______________5. Calculate the Prior Service Cost component of the pension liability PBO for Maria for 2020 if the pension factor is raised to 1.4%. The Prior Service Cost is the difference in the PBO under the new pension factor and the old pension factor.

Collins Corporation purchased office equipment at the beginning of 2019 and capitalized a cost of $2,072,000. This cost figure included the following expenditures: Purchase price $ 1,910,000 Freight charges 36,000 Installation charges 26,000 Annual maintenance charge 100,000 Total $ 2,072,000 The company estimated an eight-year useful life for the equipment. No residual value is anticipated. The double-declining-balance method was used to determine depreciation expense for 2019 and 2020. In 2021, after the 2020 financial statements were issued, the company decided to switch to the straight-line depreciation method for this equipment. At that time, the company’s controller discovered that the original cost of the equipment incorrectly included one year of annual maintenance charges for the equipment. Required: 1. Ignoring income taxes, prepare the appropriate correcting entry for the equipment capitalization error discovered in 2021. 2. Ignoring income taxes, prepare any 2021 journal entry(s) related to the change in depreciation methods.

Depreciation and Rate of Return

Burrell Company purchased a machine for $19000 on January 2, 2016. The machine has an estimated service life of 5 years and a zero estimated residual value. The asset earns income before depreciation and income taxes of $9500 each year. The tax rate is 35%.

Required:

Compute the rate of return earned (on the average net asset value) by the company each year of the asset's life under the straight-line and the double-declining-balance depreciation methods. Assume that the machine is the company's only asset.

Straight-line method. Do not round intermediate calculations. Round final answer to two decimal places.

2016: ____%

2017: ____%

2018: ____%

2019: ____%

2020: ____%

Double-declining-balance depreciation method. Do not round intermediate calculations. Round final answer to two decimal places.

2016: ____%

2017: ____%

2018: ____%

2019: ____%

2020: ____%

***Please show all work and calculations****

Marigold Enterprises has a December 31 fiscal year end and uses straight-line amortization to the nearest month for its finite-life intangible assets. The company has provided you with the following information related to its intangible assets and goodwill during 2020 and 2021:

1.) Record the transactions and adjusting entries as required. (2020,2021)

2.) Show the balance sheet presentation of the intangible assets and goodwill at December 31, 2021.

what do you think distinguishes our present understanding of epigenetics from Larmarck's, now debunked, theory referred to as the Inheritance of Acquired Characteristics Theory? How, in contrast, might our understandings of the epigenome actually give support to some elements of Lamarckism? What role does epigenetics play in the operation of Natural Selection?

Current marketing situation Federation University?